Highest-materiality recent filing
Geospace Q2 net loss $0.86/share; revenue $19.7M, workforce cut ~20% for $12M annual savings
Q2 revenue $19.7M vs $18.0M YoY; net loss $11.1M ($0.86/diluted share) vs $9.8M loss ($0.77) YoY.
Geospace announces 20% workforce reduction, expects ~$10M annual cash savings
Voluntary Early Retirement and Reduction in Force implemented, cutting ~20% of global workforce.
Directors Thomas L. Davis, Richard F. Miles, and Walter R. Wheeler elected for three-year terms; for votes 5,063,822 to 5,334,283.
Geospace Q1 FY2026 revenue falls 31% to $25.6M; net loss of $9.8M ($0.76/share)
Revenue $25.6M vs $37.2M YoY; net loss $9.8M vs net income $8.4M.
Geospace Q4 net loss $0.71/shr; FY rev $110.8M, down 18%; secures Petrobras PRM contract
Q4 revenue $30.7M vs $35.4M YoY; net loss $9.1M ($0.71/shr) vs $12.9M loss ($1.00/shr).
Geospace Technologies enters $25M revolving credit facility with Woodforest National Bank
$25M revolving credit facility for three years, secured by substantially all assets.
Geospace posts Q3 profit of $0.8M; wins major OptoSeis contract and Pioneer land node sale
Revenue $24.8M (-4% YoY); net income $0.8M ($0.06 EPS) vs net loss $2.1M (-$0.16 EPS) year ago.
Geospace Q2 net loss widens to $9.8M; revenue falls 26% to $18M, Smart Water segment hits record
Net loss of $9.8M ($0.77/share) vs $4.3M loss ($0.32/share) a year ago.
Geospace Technologies enters new employment agreements with CEO and CFO effective Jan 1, 2025
CEO Richard J. Kelley base salary set at $385,000 under two-year term starting January 1, 2025.
Geospace Technologies shareholders re-elect directors, ratify auditors, approve say-on-pay
Edgar R. Giesinger, Jr. and Richard J. Kelley re-elected as directors for three-year terms.
Geospace Q1 FY2025 revenue $37.2M, net income $8.4M; new segments introduced
Revenue $37.2M vs $50.0M YoY; net income $8.4M ($0.65 diluted EPS) vs $12.7M ($0.94 diluted EPS).
Senior VP Robbin B. Adams resigns from Geospace Technologies
Adams resigned on January 3, 2025, to pursue other interests.
Geospace chairman Gary Owens to not seek re-election; Stephen Jumper named chairman
Gary D. Owens will not stand for re-election at Feb 6, 2025 annual meeting and stepped down as Chairman immediately.
Geospace reports FY2024 net loss $6.6M on non-cash charges; revenue up 9% to $135.6M
FY2024 adj. net income $10.7M vs $12.2M prior year; Q4 adj. net income flat at $4.4M.
Geospace realigns into Smart Water, Energy Solutions, Intelligent Industrial segments for FY2025
Smart Water segment includes Hydroconn cables (sales volume up 400%+ over decade) and Aquana valves.
Geospace Q3 revenue $25.9M, net loss $2.1M; CEO succession; buyback extended
Q3 fiscal 2024 revenue $25.9M (down 21% YoY); net loss $2.1M ($0.16/share) vs net income $3.2M ($0.24/share) in prior year.
Geospace Q2 revenue down 23% to $24.3M, net loss $4.3M; appoints COO, $5M buyback
Q2 FY2024 revenue $24.3M (down 23% YoY); net loss $4.3M ($0.32/sh) vs net income $4.6M ($0.35/sh) a year ago.
On January 3, 2025, Robbin B. Adams resigned from his position as Senior Vice President of Geospace Technologies Corporation (the “Company”) in order to pursue other interests.
Mr. Owens also stepped down as Chairman of the Board but will remain a board member until the 2025 annual meeting.
The Board has appointed Stephen C. Jumper to serve as the Company’s new Chairman of the Board effective immediately.
On November 21, 2024, Gary D. Owens notified Geospace Technologies Corporation (the “Company”) that he will not seek re-election to the Company” board of directors (the “Board”).
Walter (Rick) Wheeler will remain with the Company as Principal Executive Officer and Senior Strategic Advisor to the CEO through and until his retirement on December 31, 2024.
the Company’s Board of Directors elected Richard (Rich) Kelley, currently serving as Executive Vice President and Chief Operating Officer, to the role of President and Chief Executive Officer.
On April 29, 2024, the Company appointed Richard Kelley as its Executive Vice President and Chief Operating Officer (“COO").
Max materiality 0.75 · Median 0.65 · Most common event earnings